June 9, 2020 / 6:34 AM / a month ago

BRIEF-Hutchison China Meditech Says Enters Agreement With Guangzhou Government

June 9 (Reuters) - Hutchison China MediTech Ltd:

* HUTCHISON CHINA MEDITECH - JV CO ENTERS INTO AGREEMENT WITH GUANGZHOU GOVERNMENT FOR PLANNED RETURN OF HBYS’S REMAINING 34 YEARS LAND-USE RIGHTS

* HUTCHISON CHINA MEDITECH - AGREEMENT PROVIDES THAT HBYS WILL RETURN SITE TO GOVERNMENT IN CONSIDERATION FOR CASH COMPENSATION OF UP TO US$95 MILLION

* HUTCHISON CHINA MEDITECH LTD - RETURN OF HBYS PLOT 2 HAS NO IMPACT ON OPERATIONS OF HBYS Source text for Eikon: Further company coverage:

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